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ArtikelHair Shirts: Japanese Politics  
Oleh: [s.n]
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 402 no. 8777 (Mar. 2012), page 32-34.
Topik: Politics; Use Taxes; Legislation
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: EE29.71
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
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Isi artikelIf there is one bedeviled policy around which Japanese politicians have chased their tails for more than a decade, it is the consumption tax on goods and services. Yoshihiko Noda, the prime minister, appears ready to stake his premiership on raising the tax for the first time since 1997. The ruling Democratic Party of Japan (DPJ) was tweaking a draft bill to increase the tax from 5% today to 8% in 2014 and 10% a year later. Once approved by the cabinet, Mr Noda hopes next week to present the bill to parliament. It is expected to cause such a battle this spring, both on ideological and political grounds, that some believe Mr Noda may be forced to call a general election should he fail to get his way. The ideological division, crudely put, is between debt-alarmists and the deflation-weary. Supporters of a rise in the consumption tax point to a bulging government debt and aging population. They say raising the rate, the lowest for a sales or similar tax among OECD countries, is the fairest way to prevent fiscal ruin. Opponents say that with Japan's economy still mired in deflation, more frugality is the real menace, along with the Svengalis in the finance ministry who advocate it.
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